Latin American Economic Outlook 2017

Youth, Skills and Entrepreneurship

image of Latin American Economic Outlook 2017

The 2017 edition of the Latin American Economic Outlook explores youth, skills and entrepreneurship. Young Latin Americans embody the region’s promise and perils. They stand at the crossroads of a region whose once promising economy and social progress are now undergoing a slowdown. The Outlook identifies potential strategies and policy responses to help Latin America and the Caribbean revive economic growth. While development can stem from different sources, skills and entrepreneurship can empower youth to develop knowledge-intensive economic activities, boost productivity and transform the region’s politics as they transition successfully from the world of school to the world of productive work and create that future they seek. The report highlights valuable experiences and best practices in these fields and proposes strategies to allow Latin America to consolidate long-term growth while assuring continuity in the social agenda.

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Education, skills and youth in Latin America and the Caribbean

OECD Development Centre

Skills are essential for youth to make the transition into adult life, to contribute to knowledge-based and skills-based economies, and to participate in society. As such, they allow individuals to become engaged in a country’s growth and development. Education serves as one of the main sources of acquiring skills. This chapter analyses the educational attainment and skills endowment of youth in the Latin America and Caribbean (LAC) region by providing a rich statistical portrait of youth education participation and performance. The chapter provides an overview of education attainment, as well as an analysis of the reading, mathematics, science and technology aptitudes of youth in the past decade. It also describes the main results of youth training programmes, one of the region’s main policy responses to endow early education leavers with skills to participate in labour markets. Finally, the chapter sketches a set of policy goals and recommendations to improve education and provide better skills to youth in LAC countries.

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